HUGE DEBT
£132 PER HEAD. POSITION IN AUSTRALIA. BUDGET FIGURES. &Y CABLE—PEESS ASSOCIATION—COPYRIGHT. Received Oct. 24, 11.45 a.m. ADELAIDE, Oct. 24. Til the Assembly, the Treasurer in his budget speech said the deficit for the year was £53,259, and the estimated surplus for the coming year £9989. The accumulated deficit was £1,592,488, and the public debt £70,100,164, or £132 per head of the population, an increase of £ll for the year. It is proposed to increase the general exemption from income tax from £l5O to £2OO, and also to increase the deduction for children from £3O to £SO where incomes do not exceed £650. The loss will be made up by an increased land tax.
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https://paperspast.natlib.govt.nz/newspapers/HAWST19241024.2.38
Bibliographic details
Hawera Star, Volume XLVIII, 24 October 1924, Page 5
Word Count
115HUGE DEBT Hawera Star, Volume XLVIII, 24 October 1924, Page 5
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